Slide 1: PSX Has Delivered on Its Strategic Priorities and Created Value for Shareholders
Phillips 66: The Facts 1 PSX Has Delivered on Its Strategic Priorities and Created Value for Shareholders Since Mark Lashier became President & CEO on July 1, 20221, PSX has outperformed against any relevant benchmark 67% 62% 57% Leading Total 45% 44% 42% 40% Shareholder Returns 0% PSX MPC + VLO S&P
Slide 2: PSX's Strategy Sets a Visible Path to Superior Shareholder Value
Phillips 66: The Facts 2 PSX’s Strategy Sets a Visible Path to Superior Shareholder Value… Over the Last 10 Years Relative to the • Competitive advantage that allows for Weighted Proxy Peer Average… value creation across segments – $500 Integrated MM of annual operating synergies +44% +39% generated
Slide 3: PSX Engaged Openly with Elliott
Phillips 66: The Facts 4 PSX Engaged Openly with Elliott12 ✓ Met with Elliott over 20 times – remaining fully committed to constructive engagement PSX’s ✓ Collaboratively added Bob Pease to the Board and sought to reach an Approach agreement with Elliott on a second director ✓ Expressed openness to
Slide 4: PSX's Nominees Have the Right Experience and Track Records of Value Creation
Phillips 66: The Facts 7 PSX’s Nominees Have the Right Experience and Track Records of Value Creation • 30+ years of experience in the energy industry • Involved in the consideration, planning and execution of the spin-off of Phillips 66 and oversaw the $10 B spin-off of South Bow as chair of TC Ene
Slide 5: Appendix: Footnotes
Appendix: Footnotes 1. Total Shareholder Return (“TSR”) from June 30, 2022 to March 31, 2025 2. Calculated as the weighted average of Refining (CVI, DINO, DK, MPC, PBF, VLO), Midstream (OKE, TRGP, WMB), and Chemicals (DOW, LYB, WLK) Performance Proxy Peers’ TSR based on the weighting of consensus NT
Slide 6: Appendix: Forward-Looking Statements
Appendix: Forward-Looking Statements –This document contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “target
Slide 7: Our Board
Our Board Pmuveaae. Ns cutoninen Ou i Engaged, refreshed Board with deep expertise driving lona-term shareholder value the ight experience to oversee management and protect shareholders interests. Cate, the ars of experience working in leadership poston inthe energy sector, incudng ‘midstream refini
Slide 8: How Phillips Built a Strong Board; The Simple Truth on Board Declassification
‘How Philips 66 Bult a Strong Board ‘A Look Inside the Boardroom chemicals The Simple Truth on Board Declassification ‘The Philips 65 Board svongly supports deassiying cur Board. We will now be presenting 2 proposal to decay the Board for the sith mein the pas ten years. Despite the high vote thresh
Slide 9: Attempts to Declassify
@ Attempts to Declassify ‘Wie recommend shareholders vote FOR our proposal to declassy the Board this year, Learn more on this proposal our history of ecissication efforts, and wy ENot's proposals unatonabe Meet the Board! Gregory J. Hayes Julle L Bushman
Slide 10: Board and nominee photos
Slide 11: Board Declassification FAQs
Bh 2025 coxa nomines Board Declassification FAQs ‘wy have you not been able to decassity the Board over the past decade? Declassiyng the Board isa pity fr us and frou shareholders. The Companys charter and by laws require approval rom 80% ‘ofthe oustanding shares of stock entitled oven order for a.d
Slide 12: Your Vote Matters
Your Vote Matters Philips 66 Board of tors urges yout ue 0 Media Contact Thaddeus Herik Pritips 66 sssen2368 haces herrick@ p66 com Investor Contact Jett Ditert Philips 66 jflceten@p6s.com iy the WHITE proxy card to vote"FOR' al four ofthe Investor Contact Privacy Policy
Slide 13: Julie L. Bushman
mevauue cutent owvoniees owsvneny How enncowces SESS petive Julie L. Bushman Former Executive Vice President of Inte onal Operations of 3M 2020 Selected skills and Experience Supporting Oversight of Philips 66 + Ms Bushman reied in 2020 tera 36.year career at 3M hat nuded ‘on cantinuous improvement
Slide 14: Julie Bushman experience overseeing business transformation
+s. ushmars experience overseeing 3M business transformation ‘Supporting Oversight of Inkaive includ the deployment of lbal ER system and establishment of Prins 66 ‘muti global busines centers to standardize and simi the companys processes, hich has postivly contributed to Ms. Bushman oversight of ‘
Slide 15: Meet the Nominees
Meet the Nominees haces erick. Your Vote Matters Jf tert Poser eoce@ptcom FOR a four ofthe Philips 6 mm27652297
Slide 16: Lisa A. Davis
DELIVERING VALUE Lisa A. Davis Former member of Managing Board of ns AG and Chief Executive Officer fo Siemens Gas and Power committees 2020 Selected skills and Experience Supporting Oversight of Philips 68 polley nd government affairs, and eskmanagement deslpes in her 30 ust including upstream prod
Slide 17: Lisa Davis Career Highlights
‘Supporting Oversight of Philips 6 Career Hightohts + Asan experienced director, she brings relevant outside perspectives On| ‘corporate governance issues othe Philips 6 Board to guide our governance and oversight practices to contnualy evolve and remain at the forefront of our tnety er curtetrol on
Slide 18: Meet the Nominees
Meet the Nominees Your Vote Matters ae mm7es2297 amis. detes@pscom ‘onensimeson@.com ncaa sot a
Slide 19: Gregory J. Hayes
DELIVERING VALUE ‘Supporting Oversight ot Phitips 6 Gregory J. Hayes Executive Chairman of RTX Corporation Committees Director Since 2022 Selacted Skills and Experience Supporting Oversight of Philips 66 defence company of 185,000 employees and ‘undergoing transformative iniatves Hayeshas developed
Slide 20: Gregory Hayes leadership experience
+ Mr. Hayes has held senior leadership roles across nonce, corporate strategy, feecug a angtioune "tt nes conopen shea epee eee Soe ov ack tahiganegesies uae canes cancwad caecum ong poe cover onan «oes manana evelopment aos ito contrite ote Pips 65 Bars versght of ‘human capital and management suce
Slide 21: Meet the Nominees
Meet the Nominees a Your Vote Matters Media Contact thas eric ly the WAITE pony caro vote FOR Investor Contact eft tere mazesz297 iefldeten@n6scom Howard Ungerieider Investor Contact maze
Slide 22: A. Nigel Hearne
peeves Selected skis and Experience ‘Supporting Oversight of mee egal Oaclamner A. Nigel Hearne Chief Operating Officer of Harbour Energy Selected skills and Experience Supporting Oversight of Philips 66 + hr Hearne possesses refinery operations expertise sine rom oer 35 Improving operational efienc
Slide 23: Career Highlights
career Highlights career Highlights Meet the Nominees John E. Lowe “+ White serving as President of Chevron Ewha Pacific he gsned valuable MBA ‘experience with is contributions to Cheers aeqution of Noble Eneray, hich bolstered the compan inerationa stratery and spearheaded growth He wil xing valuab
Slide 24: Your Vote Matters
les Your Vote Matters Philips 66 Board of Directors urges you to use candidates p Media Contact Thaddeus Herrick Philips 65 855-841-2368 LEARN HOW To VOTE. Investor Contact Jeff Dietert Philips 66 832.765-2297 Copyright © 2025 the WHITE proxy card to vote FOR’ all four of the sed by the Company and
Slide 25: Charles M. Holley
BSA Coane Meet our Board Charles M. Holley Former E Financial Committees Director since 2019 Valmart Inc and Chief
Slide 26: Charles Holley Skills and Experience
committees CCaroor Highlights Selected sh Phillips 66 + As Executive Vie President and Cie Financial Ofcrof Walmart inc one of “the largest US. corporations Me Holle gained senior leadership experience and ed walmart nance, risk management, strategic planning and capital markets efor which hasbeen c
Slide 27: Charles Holley Career Highlights
* Mir Holley service as a public company board member provides our Board Selected skis and Experience “th greater insight int corporate governance best practices 3 other Supporting Oversight of ompanies within technical highly regulated industries ene nons, Career Highlights Deloitte LL, on industry
Slide 28: Meet the Nominees
Meet the Nominees ‘A. Nigel Hearne John E. Lowe Howard Ungerleide Your Vote Matters Philips 66 Board of Directors urges you to use only the WHITE proxy card to vote FOR’ all four of the candidates proposed by the Company and not Eliot four nominees. Media Contact Investor Contact Investor Contact Rv
Slide 29: Mark Lashier
{egal Disclaimer DELIVERING VALUE Our Board Our Nominees Our Strategy News & Resources Meet our Board DUR BOARD Mark Lashier Chairman and Chief Exe Phillips tive Officer of Committees + Executive (Chair + Public Policy and Sustainability Director Since 2022 Committees Selected Skills and Experience
Slide 30: Mark Lashier Skills and Experience
+ He brings a deep understanding of our Chemicals business through his prior ected Skills and Experi Selected Sule and experience poston of eas repensbly at chen dng as rete end CEO hits 66 + He hs developed sipnicant expertise n overseeing lng-term capa Intensive project development fom his efforts
Slide 31: Meet the Nominees
Meet the Nominees A. Nigel Hearne John E. Lowe L Howard Ungerleider Your Vote Matters Philips 66 Board of Directors urges you to use only the WHITE proxy card te "FOR al f candidates proposed by the Company and not Eliot's four nominees. LEARN HOW To VOTE of the Media Contact Investor Contact Invest
Slide 32: John E. Lowe
DELIVERING VALUE. ‘Our Boord OurNominees Our Strategy News & Resources Meet the Nominee John E. Lowe ve Vice President Rationale for Nomination Committees Committees Supporting Oversight of
Slide 33: John Lowe Skills and Career Highlights
Selected skilsand Experience Supporting Oversight of Philips Career Highlights + Lowes 30 year carer with ConacoPhilips and Philip Petroleum Company included Executive Vie Presiden roles overseeing exploration and production; commercial operations and planing, strategy and corporate ‘affairs which e
Slide 34: Director Since
Director Since Supporting Oversight of Career Highlights Meet the Nominees ‘A. Nigel Hearne ‘Other Current Public Company Directorships: Prior Public Company Directorships (within past five years: + APA Corporation 2022; Non Eecutv iran 2015 02022) Howard Ungerleider
Slide 35: Your Vote Matters
ZS Your Vote Matters Media Contact Investor Contact ey Thaddeus Heri Jet onrert Cowen Senpson ro Philips 66 Philips 66 sabia a765297 m765297 afetrt@p66.com cen simeson@966.com Legal iscaimer Copyright 02025. Privacy Paley
Slide 36: Robert W. Pease
DELIVERING VALUE Nominee BACK TO OUR NOMINEES Robert W. Pease ‘ormer Director of USS. ¢ jovus Energ) erations of Rationale for Nomination lr. Pease’ sinicant global energy industry experience spans more than tees des with considerable expertise in refining businesses. He pro agencies, that are valua
Slide 37: Robert Pease Skills and Experience
Director since ‘Selected Skits and Experience ‘Supporting Oversight of Philips 66 ‘Career Highlights ‘Committees + Public Policy & Sustanabity (hai) + Aud 8 Finance + Nominating & Governance + ecutive 2024 ‘Selected Skills and Experience Supporting Oversight of Phillips 66 + Me Pease brings tothe Bo
Slide 38: Robert Pease Career Highlights
+ Mr. Pease prior ivelvement in public policy and government fas, both in an ‘operational capacty interacting with regulators and as a member ofthe Board ‘of Governors ofthe Canaian Assocation of Petroleum Producers (CAPP) anda Selected skis and Experience ‘Board member of the American Fuels & Petro
Slide 39: Meet the Nominees
Meet the Nominees John E. Lowe is Your Vote Matters urges you to Use only the WHITE pony crt vote FOR al four of the Media Contact Investor Contact Investor Contact Thaddeus Hetck TES wen Simpson Pralips 66 eed ee Philips 66 ass.001.2368 jefidetent@péf.com ‘omen simpson@p6.com thaddous ineriche@pss.
Slide 40: Grace Puma
BESE RIS Coats Meet our Board Grace Puma ‘ormer Executive Vice Operations Officer of Committees Director Since 2024
Slide 41: Grace Puma Skills and Experience
‘Committees ‘Career Highlights ‘Selected skills and Experience Supporting Oversight of Philips 66 + Ms. Pumas experience in operations and procurement at major multinational companies, including Pepsic, Inc and United Atines Holdings. nc. contributes expertise in global operations and enterprise ris
Slide 42: Grace Puma Career Highlights
Supporting Oversight of CCaroor Highlights Meet the Nominees Career Highlights PepsiCo, Inc, omulnational foo, snack, ond beverage corporation + Executive Vie Presiden and Chief Operations Officer (20172022) + Senior ie Presiden and Cie Supply Ofer (2015 t0 2017) + Senior ie President and Cie Procur
Slide 43: Your Vote Matters
as Your Vote Matters ips 66s Board of Orectors urges you to use ony the WHITE proxy cars Media Contact Investor Contact Thaddeus Herrick Eas Praips 66 rips 65 ass. 23 2 jefiietes@p66 com Legal Dclaimer ‘owen Simpson Prilips 66 ee ‘omen simpsoni@pcom Privacy Policy
Slide 44: Denise R. Singleton
Peano value (ur Board OurNominees Our Strategy News & Resources Meet our Board Denise R. Singleton Dfficer and Corp Committees Director since 2021
Slide 45: Denise Singleton Skills and Experience
‘Committees Career Highlights Selected Skil Phillips 66 + Ms. singletons workin her ucrent roe asthe Cie Legal Officer of Amie Ld In adton ther prior service in General Counsel postions 3 WestRock Company -WestRock) DEX Corporation and SunCoke Energy, Inc. provides ‘the Board wth valuable legal, cor
Slide 46: Denise Singleton Career Highlights
Supporting Oversight of Career Highlights Career Highlights Meet the Nominees Career Highlights “Amz Ltd, the orth Amercon operations ofthe Holem Group an industry leader manufacturing ding materi + chief egal Officer and Corporate Secretary (since September 2024 WestReck Company, + Executive Vie Pr
Slide 47: Your Vote Matters
ARS Your Vote Matters Media Contact ‘Thaddeus Herik Philips 6 — Investor Contact Jett Dieter 327552297 jefiieten@p6f.com LegalDiclsimer Copyright ©2025, Investor Contact Cowen Simpson sm765297 ‘men simpson com Privacy Policy
Slide 48: Douglas T. Terreson
DELIVERING VALUE Douglas T. Terreson Former Head of Energy Rese Committees Director since: 2021
Slide 49: Douglas Terreson Skills and Experience
committees Director since: ‘Selected skils and Experience Supporting Oversight of| Philips 68 ted Skills and Experience Supporting Oversight of Phillips 66 + Me Terreson’s leading industry expert whose creer has spanned a rare ‘combination of operations buyside and sel sideroles + His depth of esear
Slide 50: Douglas Terreson Career Highlights
Selected Skits and Experience Supporting Oversight of, Philips 66 Career Highlights “+ Aspartof our HRCC, Mr. Terreson has been an active contributor to the ongoing ‘evolution af our execute compensation program in response to feedback {rom our shareholders + 2026 Me Tereeson authored a book, Cant D
Slide 51: Meet the Nominees
Meet the Nominees Your Vote Matters Pili 66 Board of Directors urges you to use only the WHITE proxy card to vote "FOR all fur of the andates poposed by the Company and ot Eliot four nominees
Slide 52: Media Contact
Media Contact ‘Thaddeus Herik rips 65 as5941.2368 tacks erick com Jef itor Pris 66 852652297 jefieters@p66 com Lega Disdaimer Copyright ©2025, Pris 66
Slide 53: Glenn F. Tilton
Legal Discaimer Meet our Board Glenn F. Tilton Chairm: Form Lead independen Diectr of Philips 66 Committees Director since 2012
Slide 54: Glenn Tilton Skills and Experience
Director since Selected skis and Experionce Supporting Oversight of Philips 66 Career Highlights Selected Skills and Experience Supporting Oversight of Phillips 66 + Me-Titon’s sence as Chairman and Chief Executive Officer of UAL Corporation, the parent company of Unite Airlines, 2s wel as Charman o
Slide 55: Glenn Tilton Career Highlights
Selected Skits and Experience Philips 66 CCaroor Highlights Meet the Nominees ‘A. Nigel Hearne Career Highlights sPMorgan Chase leading lool financial series fm + Charman of the Midwest (2011 t 2014) UAL Con on, an Amercon commer aiin seve pony parent company ‘Other Current Public Company Directorsh
Slide 56: Your Vote Matters
if Your Vote Matters the WHITE prox card to Media Contact ‘Thaddeus Herik Pris 6 sect thaddeus enich@n6f.com Investor Contact Jett oitet rips 66 jeliieten@p6é.com Legal Disclaimer Copyright ©2025 Investor Contact ‘men simpson @pcom Privacy ol
Slide 57: Howard Ungerleider
cae ‘Our Boord OurNominees Our Strategy News & Resources Meet the Nominee Howard Ungerleider ‘ormer President and Chief Financial Officer of Dow Inc Rationale for Nomination Selected Skills and Experience ‘Supporting Oversight of wie
Slide 58: Howard Ungerleider Skills and Experience
Phillips 66 ‘Selected Skills and Experience Supporting Oversight of Phillips 66 + Ungerer brings over 34 years of global chemicals experience tothe Board {rom a numberof enor leadership postions he held wih The Dow Chemical ‘Company nd Dow inc, and possesses a deep understanding ofthe ‘complexities
Slide 59: Howard Ungerleider Career Highlights
Phillips 66 Career Hightghts Career Highlights Clayton, Dube & Rie LL on American prt equity company + Operating Advisor (since January 2024) ‘Bow In. holding company for The Dow Chemicl Company ond is consoled subsidiaries + President and Chie Financial Officer 201802023) The Dow Chemical Company (
Slide 60: Meet the Nominees
Meet the Nominees ‘A. Nigel Hearne John E. Lowe Your Vote Matters Philips 66 Board of Directors urges you to use ony the WHITE proxy card to vote "FOR" al four ofthe canddates proposed by the Company and not Eliot four nominees
Slide 61: Media Contact
Media Contact Thaddeus Herik Praips 66 ass1.2368 shades etic p66com Legal Disdaimer Copyright ©2025 Privacy Policy
Slide 62: Marna C. Whittington
Seu vate et our Board Committees Marna C. Whittington hief Executive Officer of Allianz ors Capital Director Since 2012
Slide 63: Marna Whittington Skills and Experience
Director Since ‘Selected Sits and Experience ‘Selected skills and Experience Supporting Oversight of Phillips 66 + br. Whitington many years of leadership experience and experts as afrmer Senor executive in the investment managernent industry, induding as Chet Executive Officer of Alan Gob investors
Slide 64: Meet the Nominees
Meet the Nominees Your Vote Matters Philips 66s Board of Directors urges you to use only the WHIT proxy card to vote"FOR"alfour ofthe <anddotes proposed by the Company and ot lit four nominees
Slide 65: Media Contact
Media Contact ‘Thaddeus Heck Philips 66 sss.1.2068 tases ferric com Philips 65 Legal iscimer Copyright ©2025 Philips 6 Privacy Paiy
Slide 66: Our Nominees
Our Nominees About Our Nominees
Slide 67: Highly Qualified Leaders with Proven Expertise
Highly Qualified Leaders with Proven Expertise (ur Ovetor nominees ring extensive industry and operational experince 35 wells deep expertise in leading Corporate wansformation - aligning with Philips 6 core goals and ongoing satgic priori (our sate indudes Bo Peas, who was appointed through construc
Slide 68: A. Nigel Hearne and John E. Lowe
A. Nigel Hearne Chief Operati g Officer of Harbour Energy 35 years cert John E. Lowe Former Executive Vice President, ConocoPhilli =o Multi-faceted
Slide 69: Robert W. Pease and Howard Ungerleider
Robert W. Pease Former Director of U.S. Operations of Cenovus Energy 38-year Sgnificant refinery fra rack recordin the operations and slobal energy sector = 33 ‘oversaw completion and integration of a major refinery BC expansion project at Howard Ungerleider Former President and Chief Financial Offi
Slide 70: Elliott quote on Bob Pease's appointment
“We have worked collaboratively with Phillips 66 on the board’s appointment of Bob [Pease], who Bob Pease ee will bring extensive experience in refining and the aeanohe energy industry more broadly.” with Elliott Elliott Partner John Pike and Senior Portfolio Manager Mike Tomkins (2/13/2024) les You
Slide 71: Our Strategy: Creating Consistent Value Through the Cycle
Our Strategy DELIVERING VALUE Our Board OurNominees Our Strategy News & Resources Our Strategy Creating Consistent Value Through the Cycle outperforming the SAP S00, SP S00 Energy Ine, ad our synthetic prony peermedia’ since President & CEO Mark athers appointment in 202 wr Our Integrated Strategy
Slide 72: Integrated downstream energy provider with outperformance
‘As aleading iterated downstream energy Outpertormance provider with literentited but sR ‘Since 2022 CEO Transition”? ‘complementary assets highly tractive om ‘markets, we deliver consistent and “competing valve for shareholders ‘throughout economic and commodity as “sm ofes. sx seater Sic cr CL was
Slide 73: Reducing costs and improving output
FRedicng ons) fumime Outpt ‘selective and responsible stenards of our te assets, we have notably improved our refining ascent performance and os structure since 2022 nicamiaaaabaial wile maintaining industry leading safety sen standards Looking ahead to 2027, we have ambitious goals to further reduc
Slide 74: Shareholder Distributions and Strong Growth
‘SharhlderDetbaons| rong Ovens We have delivered this performance white eucring sprint capital t our shaceholders trough oes Since 2012 Spin $43B 15% 35% >200% Going forward, we have set ambitious goals and we ace committed to maintaining best in-class asset integrity, delivering a secure, compete,
Slide 75: 2027 Strategic Priorities
2027 Strategic Priorities World-class 5 SQ > $500 MM Operations ee snl ade resucronin operating ovate casts perbare® ScaAR egress $2.0B > $10B ees oe ate Prosar Sharehold f Reums == > 00% Secure, competitive cormtonsnten, _& growing dividend Financial < 30% $17B Strength retcettocapatatet nt gn fae
Slide 76: Your Vote Matters
pay Your Vote Matters 25 youto use only the WHITE prox cardto vote "FOR all Media Contact Thaddeus Heri Prilips 66 ee Investor Contact Jet Oitert ens jefetertp66.cm Legal Disclaimer Copyright © 2025, Investor Contact ‘owen Simpson Prilips 66 ‘amen simpson pico
Slide 77: News & Resources
News & Resources {Tegal Dscaner DELIVERING VALUE ‘Our Board Our Nominees Our Strategy News & Resources Press Releases May5,2025 Elliott Fails to Address Key Investor Questions April28, 2025 Phillips 66 Files Investor Presentation Highlighting Proven Strategy, Board Strength and Path for
Slide 78: Press releases and shareholder resources
April24, 2025 Independent Directors of Phillips 66 Issue Letter to Investors and Their Stewardship Teams April21, 2025 Phillips 66 Issues Letter to Shareholders READ MORE Aprié,2025 Phillips 66 Files Definitive Proxy Statement and Issues Letter to Shareholders March 28,2025 A Letter From Independent
Slide 79: May 5, 2025 shareholder mailer
On May 5, 2025, Phillips 66 distributed a mailer to Phillips 66 shareholders. A copy of that mailer is provided below.
Slide 80: Protect Your Investment: Your Voice Matters
PROTECT YOUR INVESTMENT YOUR VOICE MATTERS in Protecting Your Investment in Phillips 66 An upcoming vote seeks to undermine Phillips 66’s current leadership to the detriment of our business – and your returns. As a valued PSX shareholder, it’s important that you understand the facts.
Slide 81: Dear Fellow Shareholder
Dear Fellow Shareholder, Activist hedge fund Elliott Investment Management (“Elliott”) has put forward Board nominees who have close affiliations with Elliott and troubling track records at other public companies. We believe these nominations pose significant concerns for long-term shareholder value
Slide 82: Elliott's nominees and Your Vote Matters
By contrast, Elliott’s nominees have concerning ties to Elliott and a history of value destruction, raising serious questions about their independence and ability to drive long-term shareholder value. Elliott’s nominees lack relevant or differentiated experience that would benefit the Phillips 66 Bo
Slide 83: Forward-Looking Statements and Additional Information
Forward-Looking Statements Additional Information This document contains forward-looking statements within the On April 8, 2025, Phillips 66 filed a definitive proxy statement on meaning of the federal securities laws relating to Phillips 66’s Schedule 14A (the “Proxy Statement”) and accompanying WH